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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by nozzpackon Mar 08, 2024 2:19pm
98 Views
Post# 35923285

Gold at $2197 and NFG dead

Gold at $2197 and NFG dead

I have reviewed several Crux analyses and their quality is well above average .
They called Beaton Creek spot on ...its grades over stated ..and their retro of New Gold exposed managements's bias in both grades and volume.

Remove wash trading by shorts ..about 60% ..and there it's obvious that NFG is not attracting many new investors .


The market's are obviously either bored with or have written off as hype the endless assay NRs .

Something indeed might be wrong here.

They have yet to make a definitive announcement that early mining of one or more of the shallow discoveries .

Is this because they have yet, despite over 5000 m of drilling , insufficient confidence  in the outcome of MRE  of even one of these potential open pit mines ?

Even a major bulk sample, typical at this early stage, would assuage concerns as to exactly what the drill has uncovered .
The Pine Cove mill is up and running, so that is not an issue .

GLTA

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